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sukhopar [10]
3 years ago
14

Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years?

Mathematics
1 answer:
Svetlanka [38]3 years ago
8 0

Answer:

She will pay $1,152 in four years?

Step-by-step explanation:

16% as a decimal is 0.16

Multiply that by the 1800 to get the interest for one year.

0.16×1800=288

288 is the interest for one year, but you need the amount for four years.

Multiply 288 by 4.

288×4=1152

She will pay $1,152 in four years

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Answer:

Step-by-step explanation:

From the picture attached,

Graph (A)

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Graph (B),

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Therefore, Graphs (A), (B) have the domain of all real numbers and Graph (C) has the range of all real numbers.

Since all the parabolas are not the functions,

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Assuming that the 4.8% interest rate is an annual interest rate, then, after one year, with a principal of $3,000 we would be able to win 4.8% of $3000:

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Therefore, with a principal of $3,000 we would be earning $12 interest in 1 month.

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Therefore, the principal must be equal to $2500 for you to win $10 on the first month, and it would indeed be correct to say that if you open an account with $3000 you will earn at least $10 interest in 1 month.

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